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Dear Family! ❤️ $SYN remains in a strong higher-timeframe uptrend, supported by a well-defined ascending trendline. On the 1H chart, price is consolidating within a short-term falling wedge after rejecting from intermediate resistance. A confirmed breakout from this corrective pattern could signal the next bullish continuation.
Entry Zone
Aggressive: $0.4800 - $0.5000 – Accumulate near the wedge support while the bullish structure remains intact.
Conservative: Wait for a confirmed 1H candle close above $0.5200 to validate the breakout.
Stop Loss: $0.4400
For a wider swing trade, consider placing the stop below the primary support around $0.4000..
🎯 Targets
TP1: $0.6000 – Intermediate resistance
TP2: $0.7000 – Major resistance zone
The broader trend remains bullish as long as the higher lows continue to hold. A confirmed breakout above the falling wedge would strengthen the continuation setup. Manage risk carefully, wait for confirmation, and avoid excessive leverage in volatile market conditions.
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